Month: April 2020

A United Airlines plane prepares to take off at the Benito Juarez International airport in Mexico City, on March 20, 2020. Pedro Pardo | AFP | Getty Images United Airlines Thursday posted its biggest quarterly loss since 2008 after the coronavirus devastated travel demand. The Chicago-based airline and its competitors are facing a 95% decline in U.S. air

Amazon reported its first-quarter earnings after the bell on Thursday, revealing the pandemic’s impact on the business that has been a rare bright spot on the stock market. The stock fell about 5% after hours after missing estimates on earnings while beating revenue expectations. Here’s what Amazon reported: Earnings per share (EPS): $5.01 Revenue: $75.45 billion

Apple shares were down more than 2% during extended trading on Thursday after the company reported a slight increase in second-quarter revenue to $58.3 billion, during a period in which supply and demand for Apple’s products was negatively affected by the Covid-19 pandemic. Here’s how Apple did: EPS: $2.55 per share, adjusted Revenue: $58.3 billion iPhone revenue: $28.96

Apple now has $192.8 billion cash on hand, according to the company’s fiscal second-quarter earnings report released Thursday. That’s down 7.4% from its fiscal first quarter of 2020, when the company reported a $207.06 billion cash pile. Apple has continuously hosted one of the largest cash piles among U.S. companies but is facing pressure from the Covid-19 pandemic.

Andrew Jassy, chief executive officer of web services for Amazon.com Inc., speaks during the 2019 CERAWeek by IHS Markit conference in Houston on March 11, 2019. F. Carter Smith | Bloomberg | Getty Images Amazon’s market-leading cloud business crossed $10 billion in revenue for the first time in the first quarter. At $10.22 billion, Amazon

Twitter reported first-quarter 2020 earnings Thursday that beat estimates despite an expected hit to its ads business due to the coronavirus pandemic. The stock was up as much as 12% during premarket trading on news of the report, but fell more than 6% during the earnings call as executives offered few signs of recovery or stability

The economic impact of the coronavirus pandemic has been felt by millions of workers, including a record-breaking 30.3 million Americans who have filed for unemployment over the past six weeks. Young people are feeling some of the harshest impacts when it comes to job prospects. According to data from job site Glassdoor, the number of

CNBC Make It is posting a new financial task to tackle each day for a month. These are all meant to be simple, time-sensitive activities to take your mind off of the news for a moment and, hopefully, put you on sturdier financial footing. This is day 23 of 30. Even in the best of times,

McDonald’s on Thursday said its first-quarter earnings fell 17% as the coronavirus pandemic led to restaurant closures and plunging sales. Sales trends are showing signs of improvement in some markets, like the United States, but executives expect steeper global same-store sales declines in the second quarter than in March. “It’s really a country-by-country situation,” CEO Chris

Prior to the Covid-19 pandemic, an astounding 53% of the American population felt anxious about personal finances. Undoubtedly, that percentage has grown significantly, with more than 26 million Americans becoming unemployed since then. The statistics are alarming, but it is not time to panic — it’s time to plan. Although many financial plans will need

In his 17-season NBA career, Scottie Pippen won six championships with the Chicago Bulls, brought home two Olympic gold medals and was an eight-time member of the NBA All-Defensive First Team. But before Pippen cemented himself as one of the greatest players of all time, he had to prove himself. Coming out of high school,

Tesla shares rose more than 9% after hours as the company showed its third consecutive quarter with a profit. Here’s how the company did: Earnings per share (EPS): $1.24 per share, ex-items Revenue: $5.99 billion Wall Street was expecting an adjusted loss of 36 cents per share and revenue of $5.9 billion for Q1, according

Balancing the demands of office life and home life can be overwhelming for any working parent. But with women spending a disproportionate amount of time handling housework and childcare responsibilities, data from Pew Research Center shows that women are more likely than men to adjust their careers for family. As the coronavirus pandemic continues to

In only a few months, the coronavirus pandemic has upended the daily lives of people around the world. For Americans, the economic impact of the virus has led to new categorizations of “essential” workers, a large-scale move to remote work and skyrocketing unemployment that is expected to continue increasing. With more than 26 million people filing

People wear facial mask walking past a KFC restaurant, which has resumed its outdoor dining area. For the COVID-19 epidemic situation is under control in China, most of shopping malls and stores are resuming business. Zhang Peng | Getty Images Yum Brands on Wednesday reported that global same-store sales fell 7% in the first three

The coronavirus pandemic brought a wave of stock market volatility with it, leaving many Americans questioning whether now is a good time to invest. Others are wondering if they need to adjust their existing portfolios amid this period of economic downturn. If you can relate and feel like you may need a bit more knowledge before

Starbucks on Tuesday said that its fiscal second-quarter global same-store sales fell 10% as the coronavirus hit sales in its two largest markets, the United States and China. The company also warned that its fiscal third-quarter results will take an even bigger hit from the pandemic, even as sales in China begin to recover. Shares of

Alphabet shares rose as much as 7% in extended trading on Tuesday after the company reported earnings for the first quarter and sounded a cautiously optimistic note that a steep drop-off in ad revenues in March was starting to moderate. Here’s how the company did: Earnings: $9.87 per share, adjusted Revenue: $41.16 billion Cloud revenue:

In the time since nonessential businesses began to close their doors in March to prevent the spread of the coronavirus, the U.S. labor market has wiped out all the job gains it made in the decade since the Great Recession. With roughly 26.5 million Americans now out of work who have filed for unemployment, many

CNBC Make It is posting a new financial task to tackle each day for a month. These are all meant to be simple, time-sensitive activities to take your mind off of the news for a moment and, hopefully, put you on sturdier financial footing. This is day 21 of 30. With more than 26 million Americans

3M shares jumped Tuesday after the manufacturing conglomerate reported first-quarter earnings and revenues that topped Wall Street’s expectations as demand for safety equipment and cleaning products spiked amid the coronavirus pandemic. The company said in a release that it saw a mix of results across its segments, but especially “strong” numbers in its personal safety

1. A step at a time Avoidance is a natural reaction to the stress and shame of financial difficulty, says Kelsa Dickey, a financial coach and founder of Fiscal Fitness, a financial coaching site. But running away from the reality of your finances is just going to make everything worse. Instead, pick one easy thing

As several states begin to reopen businesses, billionaire Mark Cuban says it may be too soon to do so amid the widespread coronavirus pandemic — and he has a simple litmus test for when people will feel comfortable returning to stores and offices that have been closed for weeks. “You just want to keep people safe,”

Whether you’re trying to bail on your fifth video happy hour of the week or analyzing your boss’ décor on a company-wide conference, most of us have reached peak video chat fatigue. On social media, many people have been documenting the cringe-worthy moments of our new on-screen lives. (Zoom did not immediately respond to CNBC Make

We live in the present. It’s part of our genetics, says Dr. Brad Klontz, a certified financial planner and financial psychologist. “It’s why we were able to survive as a species,” Klontz said. “We’re actually wired to enjoy the moment now and to consume as much as possible.” When you think about saving for your future,

From baking to puzzles, the Covid-19 quarantine might have you turning to hobbies that you never had time for before. If you’re looking for a calming weekend art project, Disney has free drawing classes on YouTube. You can learn how to draw some of the most popular Disney characters, from Elsa from “Frozen” to Goofy.

On March 27, President Donald Trump signed a $2 trillion stimulus bill to help individual workers and small businesses cope with the economic downturn of the coronavirus pandemic. Under the bill, individuals will receive a one-time check of $1,200 if they earn an adjusted gross income of $75,000 or less, and they will receive a

CNBC Make It is posting a new financial task to tackle each day for a month. These are all meant to be simple, time-sensitive activities to take your mind off of the news for a moment and, hopefully, put you on sturdier financial footing. This is day 18 of 30. Bank account fees keep climbing. The

If you’ve been quarantined due to Covid-19 stay-at-home orders, you might be eager to travel again — or at least visit your favorite places. Thanks to virtual reality (VR), it is possible to “visit” places around the world without leaving home. Experts say these virtual excursions provide more than just entertainment; VR experiences, especially immersive